Robert Besser
13 May 2025, 17:03 GMT+10
HONOLULU, Hawaii: Pharmaceutical giants Bristol Myers Squibb and Sanofi have agreed to pay $700 million to Hawaii to settle a lawsuit over the efficacy and labeling of the blood thinner Plavix, the state attorney general's office announced late last week.
The settlement follows a court ruling last year ordering the companies to pay $916 million after a judge found they failed to update Plavix labels to reflect that approximately 30% of patients — particularly non-Caucasians — might have a "diminished response" to the drug, Attorney General Anne Lopez said.
Before an appeal was decided, the parties settled for the lower amount. The payment will be equally split between Bristol Myers Squibb and Sanofi and is due by June 9 via wire transfer, the attorney general's office said.
In a joint statement, the companies said they were "pleased to resolve this litigation" and emphasized Plavix's long-standing role in cardiovascular treatment. "Plavix has helped millions of people with cardiovascular disease around the world for nearly 30 years, and it continues to be endorsed as a first-line therapy by leading treatment guidelines across the globe," the statement said.
Hawaii Gov. Josh Green hailed the settlement as a "landmark settlement" and a "major victory" for the state, emphasizing that it holds pharmaceutical companies accountable for ensuring the safety and transparency of their drugs.
Neither Bristol Myers Squibb nor Sanofi has admitted wrongdoing as part of the settlement.
Get a daily dose of Denver Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Denver Sun.
More InformationHONOLULU, Hawaii: Pharmaceutical giants Bristol Myers Squibb and Sanofi have agreed to pay $700 million to Hawaii to settle a lawsuit...
WASHINGTON, D.C.: The U.S. Food and Drug Administration (FDA) said this week it will start using artificial intelligence (AI) in all...
NEW YORK CITY, New York: Citigroup must defend itself against a revived lawsuit accusing the bank of facilitating and concealing a...
Gaza Faces Imminent Famine as Aid Blockade Enters 70th Day, UN Warns The entire population of Gaza is now at critical risk of famine,...
WASHINGTON, D.C.: The Republican-led U.S. House of Representatives has passed a bill to rename the Gulf of Mexico as the Gulf of America,...
HARRISBURG, Pennsylvania: People in Pennsylvania who are 21 or older could soon be allowed to legally buy and use marijuana. The state...
WASHINGTON, D.C.: This week, U.S. President Donald Trump signed an executive order to speed up the approval of drug manufacturing plants...
Once again watershed management biologists and specialists with the Colorado State University's Center for Environmental Management...
The Chiefs will play on Christmas for a third-consecutive season in 2025 Matt McMullen The Kansas City Chiefs are set to take the...
Dan Salomone In the wake of rookie minicamp, the New York Giants signed undrafted cornerback T.J. Moore, who was there on a tryout...
Michael Hull The Bengals' 2025 schedulewill be released Wednesday at 8 p.m.Tickets to all 2025 Bengals games will also go on sale...
Aric DiLalla ENGLEWOOD, Colo.Nearly 60 players are participating in the Broncos' rookie minicamp, including the Broncos' seven draft...